Wells Fargo & Company (NYSE: WFC) today announced that it has named
Sarah Dahlgren as its head of regulatory relations. Dahlgren was most
recently a partner in the Risk Practice at McKinsey & Company. Dahlgren
will report to Mike Loughlin, Wells Fargo’s chief risk officer until his
successor is named. Loughlin announced his retirement January 17. She
will join the company March 12, and will be based in New York City.

“Wells Fargo is focused on transforming our risk management practices
and we are committed to being very engaged and completely transparent
with our regulators so they have a full understanding of the progress we
are making in building a stronger organization,” said Wells Fargo CEO
Tim Sloan. “Hiring a leader with Sarah’s background is another important
step in strengthening our risk infrastructure and organization.”

In her new role, Dahlgren will be responsible for oversight of
regulatory relations for Wells Fargo’s Corporate Risk organization. She
will ensure an organized and cohesive approach to working with the
supervisory staffs of the company’s federal regulators and will work
with colleagues to coordinate efforts with regulators in other
jurisdictions. Dahlgren will be instrumental in leading the company’s
efforts to have a sustained, proactive dialogue around risk, controls
and compliance and will work across Wells Fargo to ensure the company
meets the regulatory commitments it makes.

Dahlgren joined McKinsey in 2016. Before joining McKinsey, Dahlgren had
a 25-year career at the Federal Reserve Bank of New York (FRBNY), where
she started as an examiner and rose to become executive vice president
and head of financial-institution supervision. In that position, she was
responsible for overseeing many of the largest banks operating in the
United States and developing new supervisory policies and procedures.
Additionally, Dahlgren is a board member of the Duke University Sanford
School of Public Policy.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based
financial services company with $2 trillion in assets. Wells Fargo’s
vision is to satisfy our customers’ financial needs and help them
succeed financially. Founded in 1852 and headquartered in San Francisco,
Wells Fargo provides banking, investments, mortgage, and consumer and
commercial finance through more than 8,300 locations, 13,000 ATMs, the
internet (wellsfargo.com) and mobile banking, and has offices in 42
countries and territories to support customers who conduct business in
the global economy. With approximately 263,000 team members, Wells Fargo
serves one in three households in the United States. Wells Fargo &
Company was ranked No. 25 on Fortune’s 2017 rankings of America’s
largest corporations. News, insights and perspectives from Wells Fargo
are also available at Wells
Fargo Stories.